Virgil Security is a technology company.
Virgil Security has raised $4.8M across 2 funding rounds.
Virgil Security has raised $4.8M in total across 2 funding rounds.
Virgil Security is a cybersecurity company founded in 2014 that provides easy-to-use cryptographic tools and cloud-based services, enabling developers to integrate end-to-end encryption (E2EE), passwordless authentication, and data verification into apps, cloud services, and IoT devices with minimal code.[1][2][3][4][5][6] It serves sectors like healthcare, financial services, automotive, cloud storage, and IoT, solving the problem of complex cryptography implementation by offering cross-platform SDKs and APIs that comply with standards such as HIPAA, GDPR, PCI DSS, and IEEE-1609.2, with products like E3Kit, PureKit, WaveKit, and IoTKit.[1][5][6] The company raised $5.66M total, with its last round in 2019, and remains in bridge stage, headquartered in Manassas, Virginia, with past offices in Ukraine.[1][3][5]
Virgil Security was founded in 2014 by Dmitry Dain, who serves as CEO, alongside Michael Wellman as another key leader, starting in Manassas, Virginia.[1][2][3] The idea emerged from recognizing that the world's ~20 million developers faced barriers to implementing strong security—requiring deep RFC knowledge or unreliable methods—despite privacy being a fundamental right.[4][5] Early traction included graduating from the Mach37 Cybersecurity Accelerator, selection as a 2016 TiE50 Top Startup and Red Herring Top 100 North America, and investments from firms like Blu Ventures (2016) and KEC Ventures.[2][5] This positioned Virgil to deliver open-source libraries under BSD-3 license across platforms from embedded sensors to cloud apps.[2][4][5]
Virgil rides the rising demand for privacy-first tech amid GDPR, escalating data breaches, and IoT proliferation, where traditional crypto tools fail developers at scale.[1][4][5] Timing aligns with post-2014 shifts toward E2EE in messaging/cloud (e.g., WhatsApp, Signal) and regulations mandating data sovereignty, amplified by automotive V2X and edge computing growth.[1][6] Market forces like cybersecurity talent shortages and zero-trust architectures favor Virgil's plug-and-play model, reducing breach risks in high-stakes sectors while influencing ecosystems via open-source contributions and accelerators that bootstrap secure IoT/cloud apps.[2][4][5]
Virgil's momentum hinges on expanding its SDK ecosystem amid AI-driven threats and 5G/IoT booms, potentially through partnerships in automotive/finance or acquisitions by larger players like Fortanix or Virtru competitors.[1] Trends like quantum-resistant crypto and decentralized identity will shape its evolution, with infrastructure ready for updates; influence may grow via developer adoption if it scales beyond bridge funding. As a pioneer simplifying security for 20M+ devs, Virgil remains poised to secure the next wave of connected everything.[4][5][6]
Virgil Security has raised $4.8M in total across 2 funding rounds.
Virgil Security's investors include Bloomberg Beta, Thomas Wisniewski.
Virgil Security has raised $4.8M across 2 funding rounds. Most recently, it raised $4.0M Series A in October 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2016 | $4.0M Series A | Bloomberg Beta, Thomas Wisniewski | |
| Nov 1, 2015 | $800K Seed | Bloomberg Beta, Thomas Wisniewski |